Richard Costello Foods Limited

Richard Costello Foods Ltd is a small, active company founded 32 years ago in 1993, employing just two people and holding assets of £182,781. Based in Preston, Lancashire, it operates from a real address shared by six other businesses and is led by three directors and one owner. The company is a regular importer, specializing in miscellaneous food products, with 49 months of import activity recorded, the latest in February 2025.

The company’s website reveals a different facet: a residual stock management specialist. Richard Costello Foods operates from Leeds and Grimsby, dealing with surplus stock from major companies like Unilever, Ysco, and Froneri. It offers services like repacking, stripping labels, and even offers a guarantee of a professional business arrangement. The company’s website also mentions 25 years of experience in the industry, and even has a repacking plant in Leeds and a new one in Grimsby. They are always looking for excess, short dated, or cancelled orders.

Financially, Richard Costello Foods Ltd presents a mixed picture. Current assets increased by 12% to £180,000, but net assets decreased by 13% to £70,000. Bank borrowings remained stable, and cash reserves increased significantly by 150% to £37,000. Creditors rose by 25% to £130,000, and trade debtors remained relatively unchanged. The company’s small size (meeting two of three criteria for a small company) helps it stay nimble, but the equity decline suggests potential financial strain. No auditor is mentioned, likely due to its small size.

Overall, Richard Costello Foods Ltd appears to be a resilient, family-run business navigating the challenges of the food import and residual stock management sectors. While the financial picture isn’t entirely rosy, the company’s established track record and diverse service offerings suggest a capacity to weather these pressures.

Registered in England/Wales under the registration number 02819261, with a registered address at PR1 8BZ, 5 Ribblesdale Place, Preston.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.